USD/JPY trades 1.05% higher in Tokyo after the late 2.2% fall post-FOMC

BOJ March minutes - long-term interest rates should be set by markets

Fed is concerned by recent inflation data - remains data-driven on cuts

The short-term outlook for yield differentials is they will remain wide

If the USD/JPY fall was the BOJ - they are in a guerrilla war with markets

Charts 5, 10 & 21 DMAs head gently higher with 21-day Bollinger bands

A positive setup - next resistance is 156.62, 50% of this week's fall

Earlier 154.15 low the Wednesday's 153.00 base are initial supports

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